National Institute of Economic and Social Research - intergenerational equityhttps://www.niesr.ac.uk/tags/intergenerational-equity
enThe sustainability of Scottish public finances: a Generational Accounting approachhttps://www.niesr.ac.uk/publications/sustainability-scottish-public-finances-generational-accounting-approach
<div class="field field-name-field-summary field-type-text-long field-label-hidden"><div class="field-items"><div class="field-item even"><p>This paper analyses the long-term sustainability and intergenerational equity of the Scottish public finances by employing a generational accounting model. This represents a novel approach to analysing these issues in the case of Scotland, while having the advantage of capturing policy-relevant intergenerational aspects. We find that, under the baseline scenario, assuming that Scotland has “full fiscal autonomy”, large intertemporal and intergenerational fiscal gaps open up. The three main reasons behind this result are: declining North Sea revenues, a budget deficit at the beginning of the simulation period and a widening gap over time primarily due to population ageing. The model suggests that both the intertemporal fiscal and generational imbalances can be addressed via a permanent increase in taxes equivalent to about 8.5 per cent of Scottish GDP, levied on both living and future generations.</p>
</div></div></div><div class="field field-name-field-tags field-type-taxonomy-term-reference field-label-above"><div class="field-label">Keyword tags:&nbsp;</div><div class="field-items"><div class="field-item even">Scotland</div><div class="field-item odd">Generational Accounting</div><div class="field-item even">fiscal sustainability</div><div class="field-item odd">intergenerational equity</div></div></div><div class="field field-name-field-publication-types field-type-taxonomy-term-reference field-label-above"><div class="field-label">Publication type:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/publication-type/niesr-discussion-paper" typeof="skos:Concept" property="rdfs:label skos:prefLabel" datatype="">NIESR Discussion Paper</a></div></div></div>Mon, 07 Dec 2015 17:47:17 +0000Sarah Stevens12347 at https://www.niesr.ac.ukhttps://www.niesr.ac.uk/publications/sustainability-scottish-public-finances-generational-accounting-approach#comments